Morning BriefingEuro (1.0746) has cracked below 1.08 and already trading much closer to the immediate target/support around 1.07 levels. It may consolidate in the range of 1.07-1.08 for the next few sessions. The German-Us 2YR (-2.04%) and the German-US 10YR (-2.06%) have both fallen and may continue to fall in the near term. This could indicate fresh Dollar strength in the near term. Euro could come down in the next 2-weeks, in that case.
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Shyam Group of Companies
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March Monthly Forecast
Our Mar-17 Monthly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
March Calendar Wallpaper
Over the last two years, consensus Global GDP forecasts have been revised downwards consistently, as analysts turned from optimistic to pessimistic. In line with our contention of chances of a positive surprise from higher than forecasted growth, there is growing optimism in the USA and Europe as economic data have perked up in the last few months. You can download this chart as part of our March 2017 Wallpaper Calendar from here
Euro Longterm Forecast
Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts